EUR/USD: "Three Black Crows" points to further decline
There’s a support by the 144 Moving Average, so we’ve got a “Three Methods” pattern on this line, but it hasn’t been confirmed yet. So, the market is likely going to test the nearest resistance, which could reverse the price movement into a downward direction. As we can see on the Daily chart, here’s a “Harami” at the local high, but it hasn’t got a confirmation. Therefore, bears will probably try to push the price lower in the short term.
We’ve got a “Harami” and a “Three Black Crows” at the local highs. Also, there’s a strong support by the 55 Moving Average. Under this circumstances, if we see a pullback from the nearest resistance, there’ll be an opportunity to have another bearish movement.